The brake could soon be lifted on the shares of Gulf Marine Services (LON:GMS).
The £160m capitalised Abu Dhabi-based group is a world-leading provider of advanced self-propelled self-elevating support vessels, with its fleet of 13 SESV’s serving its offshore energy sector customers around the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico, and in Europe.
Some years ago, a competitor built up a near-29% stake in this offshore energy sector services provider, with a view to merging or even taking it over.
But discussions ended with an am...